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retail space
Update news retail space
Retail rental prices remain high despite growing vacancy in HCM City
Despite significant reductions in rental prices, retail spaces in Ho Chi Minh City’s central areas continue to remain vacant. Many property owners are struggling to find tenants, even as they offer deep discounts.
Demand for prime retail space on the rise in HCM City’s downtown
Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.
Famous shopping centers in Hanoi are nearly empty, have few stores
Many large buildings in Hanoi such as Discovery Complex Cau Giay, Mipec Tower Dong Da and Artemis Thanh Xuan are now mostly abandoned.
COVID-hit rental property market starts to warm up
The COVID-19-hit rental real estate market is bouncing back from hibernation as the successful vaccination campaign nationwide has allowed the reopening of economic activities, pushing up demand.
Shops, other commercial spaces in downtown HCM City still find no lessees
Commercial spaces on HCM City’s main streets do not have many takers since rentals remain too high.
Foreign brands hunt for flagship retail spaces in HCM City
Many large retail groups are bringing new international brands to Vietnam and planning to open large stores in the city center.
Retail space supply ample this year
VietNamNet Bridge – The supply of retail space is increasing in Hanoi and HCMC and could reach 1.5 million square meters in both cities late this year, according to a study of CBRE Vietnam.
Market heats up as big foreign retail mall exploiters turn up
VietNamNet Bridge – Parkson has returned, while Ocean Group has jumped into the HCM City market. The moves taken by the big guys are believed to heat up the market.
The most expensive roads in HCM City
VietNamNet Bridge – While the real estate market has been freezing for the last several years, the high end retail premises market has always been boisterous.
Foreign giants hunt for retail space in HCM City
While Vietnamese traders flee from commercial centers because of losses, foreign investors have contrary moves. Giant retailers are eyeing shopping malls in new urban areas in preparation for a long-term war.
